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  • #421
  • Mar 3, 2014 2:13am Mar 3, 2014 2:13am
Quoting mor707
Hi All, This is my 1st try. I decided I will do what Ap3 suggested and not over-think it to much and also just to start to trade his method (on Demo) and give it ago and learn from there. Here goes my 1st two trades. EURAUD H4: {image} NZDUSD H4: {image}
Hi mor707,

I was myself in the NU trade last week, but took profit before weekend. It looks

quite nice entry, but about the second trade, I would have taken only a long trade

after a correction, in line with the bigger trend, but it doesn't mean you cannot

trade corrections. I do generally only wait for signals in line with the major trend,

but that is only my point of view.

Chrz
  • #422
  • Mar 3, 2014 4:29am Mar 3, 2014 4:29am
Quoting nasko
{quote} Hi mor707, I was myself in the NU trade last week, but took profit before weekend. It looks quite nice entry, but about the second trade, I would have taken only a long trade after a correction, in line with the bigger trend, but it doesn't mean you cannot trade corrections. I do generally only wait for signals in line with the major trend, but that is only my point of view. Chrz
Hi nasko,

Thanks for your feedback, I appreciate it a lot.

I see what you say about the overall up trend on the EURAUD, you are quite right.

I see this as a learning experience for me and because I learn better by engaging in the market and learn by my mistakes, I will keep it simple at first and fine tune my approach as I progress.

But I will always welcome and appreciate any feedback from fellow traders.

Regards
  • #423
  • Mar 3, 2014 6:15am Mar 3, 2014 6:15am
This looks interesting and i think this might be good "tool" to confirm my strategy i now use. Thanks for sharing.
  • #424
  • Mar 3, 2014 6:24am Mar 3, 2014 6:24am
Hi .., Trade placed yesterday before I go to sleep, gets out alive with TP + 25 Pips

Attached Image (click to enlarge)
Click to Enlarge Name: 036 USDCAD H 1.png Size: 12 KB


Cumprimentos,
JVBS
Work very hard until you get there (excuse my english)
  • #425
  • Mar 3, 2014 11:46am Mar 3, 2014 11:46am
aud/usd taking too long but atleast am on break even trying on a small bonus account
Attached Image (click to enlarge)
Click to Enlarge Name: audusdh1.png Size: 31 KB
thankyou gregwilson
  • #426
  • Mar 4, 2014 12:30am Mar 4, 2014 12:30am
stopped out at break even
Attached Image (click to enlarge)
Click to Enlarge Name: audusdh1 2.png Size: 35 KB
thankyou gregwilson
  • #427
  • Mar 4, 2014 1:00am Mar 4, 2014 1:00am
Hi All,

I encountered the situation as described in the screenshot below.
I would love to hear from anybody who has any suggestions or experience on how this could be handled. In the meantime and as I said previously, I will carry on experimenting via real time trades as this is a learning experience.
Attached Image (click to enlarge)
Click to Enlarge Name: EA140304H4.jpg Size: 192 KB
  • #428
  • Mar 4, 2014 1:45am Mar 4, 2014 1:45am
Hi mor707,

I would say, go with the major trend, not with the correction, but I think I said that yesterday, as well

  • #429
  • Mar 4, 2014 8:21pm Mar 4, 2014 8:21pm
EUR/JPY

having support from weekly S. however 141.25 is quite strong R to be taken out. patience, waiting game.

i am looking for a 4H bullish engulfing to test water first.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY1D.jpg Size: 155 KB
  • #430
  • Mar 5, 2014 9:26pm Mar 5, 2014 9:26pm
entered this trade yesterday
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpyh1 2.png Size: 31 KB
thankyou gregwilson
  • #431
  • Mar 5, 2014 11:55pm Mar 5, 2014 11:55pm
Reached TP on my EURAUD trade. This was a 1:3 trade but I could have gotten more but its early days and I still have to get my head around the idea to keep trades for longer. Hopefully that will come with more experience.
I am still only trading off the 4HR charts and am monitoring 11 pairs. So far made 5 trades, 2 x losses, 1 winner and 2 still open. Risk:Reward of at least 1:2 and disciplined risk management (I risk 1% per trade at this stage) does wonders for sustainability of your account.
Attached Image (click to enlarge)
Click to Enlarge Name: EA140306H4.jpg Size: 137 KB
  • #432
  • Mar 6, 2014 4:36am Mar 6, 2014 4:36am
My NZDUSD trade. All comments are on the screenshot.
Attached Image (click to enlarge)
Click to Enlarge Name: NU140306H4TP.jpg Size: 191 KB
  • #433
  • Mar 6, 2014 4:45am Mar 6, 2014 4:45am
A bullish engulf has just formed on the EURUSD 4HR but I decided to pass on this 1 for the following reasons:

 

  1. Price has been making Lower Highs (LH) for this whole week so far.
  2. I know Ap3 only mentioned it once here but I am experimenting with the idea of only taking trades if they are also above/ below the Weekly Open.
  3. I just now see that PA is making a inverted Head and Shoulders so maybe this is not that bad a setup?

Attached Image (click to enlarge)
Click to Enlarge Name: EU140306H4.jpg Size: 142 KB
  • #434
  • Mar 6, 2014 4:53am Mar 6, 2014 4:53am
Just entered a USDCAD short
Attached Image (click to enlarge)
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  • #435
  • Mar 6, 2014 7:42am Mar 6, 2014 7:42am
finally tp hit but shd have done some stacking anybody caught the aud/usd buy ?
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpyh14.png Size: 29 KB
thankyou gregwilson
  • #436
  • Mar 6, 2014 9:42am Mar 6, 2014 9:42am
Nice one njokie

Here's my EURJPY trade.

I must really start to do the stacking thing, so far all my trades have been one entry trades. Stacking is suppose to be the real secret of this method, which I am ignoring completely at the moment. I find that it takes some doing to stay in a move and then to add to it, instead of taking the 1st profits you can get and run.
Attached Image (click to enlarge)
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  • #437
  • Mar 6, 2014 2:47pm Mar 6, 2014 2:47pm
Recommended reading for a deeper understanding of the strategy and trading in general. The trader and his decisions are more important than the 'system.'

http://books.google.com/books/about/...d=gRdOBrus_9wC

https://www.goodreads.com/book/show/...73-antifragile
  • #438
  • Mar 6, 2014 7:53pm Mar 6, 2014 7:53pm
Ap3 -

I just came across this thread earlier today; as I look at some of the charts, it seems that some of the candles identified as engulfing don't quite fit your description of engulfing in one of your first posts. When I look at said candles, I can see where if you include the candle immediately prior to it, you could consider it a 2-candle engulf. At other times, the candle may have taken out the highs/lows of the 2 candles prior to it; does that allow for a more liberal decision about the candle? Am I understanding this correctly?
  • #439
  • Mar 7, 2014 2:33am Mar 7, 2014 2:33am
Quoting mor707
My NZDUSD trade. All comments are on the screenshot. {image}
With out a doubt most of the trades posted as of late are hindsight or cherry picked to say the least and what is more none of them are in keeping with the original rules.What does this say about FX trading in general...be careful out there folks,this is a very risky business.
  • #440
  • Mar 7, 2014 4:07am Mar 7, 2014 4:07am
yes, it's true. only some trades are posted afterwards. but i dont remember anybody claim this thread as its own trading journal and nobody is obliged to post every single trade he/she had right after the trigger as if this is 24/7 business and one has to sit in front screen all the time.

and neither the original poster nor several other posters have commercial intentions to lure newbie into this business. whoever believes and understands this business, would enjoy it.



and lastly, the business itself is not risky if someone just stays out of it. the risk is the trader itself.
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